Module 2 Study Guide Graded A+

A worker with more human capital tends to earn {Ans: A higher salary.}In a competitive market sellers choose {Ans: quantity only.}Research suggests improvements in human capital explains what percentage of the growth in U.S. productivity from 1950 to the early 2000s? {Ans: 20%}The additional satisfaction of consuming a good or service is {Ans: marginal utility}In making the best economic choices, consumers compare the benefits of the choice to {Ans: the costs of the choice.}_ is measured by how many goods and services a worker produces in an hour. {Ans: Productivity}